MONEY MARKET.
STOCK EXCHANGE, FRTDAT AFTERNOON.
The favourable character of the intelligence from the United States and India produced a slight impression upon the prices of the Public Securities; and though no material improvement has occurred, the market upon the whole is rather firmer than last week. No extensive operations have occurred in the English Funds; the most remarkable being the purchases of the Government-broker. The public generally continue to sell Stock. There is a very prevailing feeling that many of the Railway schemes of the year will be abandoned and large quantities of Stock brought to market; a state of opinion which easily accounts for the almost total' absence of speculative transactions. Money is abundant in the commercial world, and the rate of discount for first-rate commercial bills low as compared with that of the last few weeks; the discount-market varying from 3 to 31i or 4 per cent, instead of from 5 per cent upwards. The premium of Exchequer Bills has continued nearly the same; closing, however, at a slight advance upon our last prices: but we cannot notice any large transactions in these securities during the last few days. Bank Stock has not experienced any advance; on the contrary, it is quoted today at 211, rather below last week's prices. In the Foreign Market, some fluctuation occurred in Spanish Stock on the re- ceipt of intelligence of the Cabinet coup d'etat. Prices declined in the first in- stance; but as it was soon learnt that the price of the local Stock had risen 3 per cent, and that one branch of the policy of the new Government would be to main- tain the prices of Spanish Securities in the home as well as foreign markets, (by. the higher class of Shares having been from 21. to 51.; while the great majority of But no extent of business has occurred, and prices have been pearly stationary for the last two days. Portuguese Securities have become rather firmer, and some unimportant business has occurred in them at prices rather in advance of our last quotations. The other Foreign Bonds are nearly as last week.
most every description of Share and Scrip is lower than last week; the decline of Scrip shares may be quoted as nearly unsaleable in anything like quantity or money of which the Queen-mother and her friends are known to be possessed,) the application, when necessary, to that purpose, of the immense sums of ready the decline was checked, and prices have since undergone a slight improvement.
In the Railway. Share Market no symptom of change is as yet apparent. Al- amount. The French Shares, which till this week have been well supported, have felt the general pressure, and some of the less important lines have given way about 11. per share. The prices of those lines which are finished and in operation have been best maintained: the market generally is in a much better state than that for English Shares. The Belgian railways are all at heavy discounts; nearly all the lines upon which 41. per share is paid being from 21. to 31. discount. When it is considered that many of these lines were from 51. to 81. premium during last summer, it is frightful to contemplate the loss of property occasioned by these speculations. SATURDAY, TWELVE O'CLOCK •
The English Market is firmer; Consols for Account having advanced to 96%, while for Money the quotation is 96% I. In the Foreign Market the only varia- tion occurring is in Spanish Stock; of which the Three per Cents have reached 37, the present price being 36% 7 for the Three per Cents, and 25% 6 for the Five per Cents. The Share Market is much better, in consequence of the improved appearance of the English Funds. This feature is most remarkable in the French Shares, and scarcely at all apparent in the Scrip. The following is a record of the transactions as yet occurring: Caledonian, 8* 8; Eastern Counties,. 20%; Great Western Quarter Shares, 14%; Leeds and Liverpool Direct, 2; Birmingham Quarter Shares 25%; Ditto One Fifth Shares, 23% 2%; Brighton, 62; London and York, 1%; Midland, 140 39; North Staffordshire, 17% 4; South Midland, par, * dis.; South-eastern and Dover, 35; New Ditto (No. ), 10 10%; Great North of France constituted 15%.
SATURDAY, Two O'CLOCK.
The English Funds have experienced a trifling fluctuation; Consols for Money having.been as low as 96%, and for Account 96%. The closing quotation, though exhibiting an improvement, is still % per cent lower than in the morning. Bank Stock is quoted at 210%; and Exchequer Bills 27 to 30 premium. In the Foreign Market, the only fluctuation occurring has been in Spanish Stock, of which the Three per Cents were at one period more than % per cent below the morning's prices: the closing quotations were, however, slightly firmer; the Three per Cents which had declined to 36%, closing at 36% %, and the Five per Cents Active being 251 %. _ There is no material variation in the Share Market, which is however firmer than in the morning; the improvement then noticed having continued. The following transactions have occurred, in addition to those already given: Eastern Counties, 20% 4; London and Birmingham, 218; Ditto, Thirds, 50%; Ditto, Quarters, 25%; London and Blackwell, 8; London and Brighton, 62 1%; London and Croydon, 20% 20; London and Greenwich, 9; London and South-western, 75; London and York, a 4 %; Manchester and Birmingham, 75 4%; Midland, 140 139; Ditto, New, 27% 8%; Midland, Birmingham, and Derby, 111; North Kent and Dover; Direct, 14 a; Scottish Central, 14%; Sonth-eastern '
and Dover 35; Ditto, New, No. 1, 16%; Ditto, New, No. 2, 10%; Ditto, New, No. 3, 14%; York and Carlisle, 1; Boulogne and Amiens, 12; Bordeaux, Toulouse, and Cette,
(Espelete's,) 2; Dutch-Rhenish, 4; Great Northern of France, Constituted, 15% a; Lyons acid Avignon, 2; Namur and Liege, 14 4; Orleans and Bordeaux, 12%; Paris and Strasbourg, Constituted, 6.
3 per Cent Consols Dittofor Account
964 1 961 Columbian ex Venezuela... 16 IT 3 per Cent Reduced
shut Dutch 21 per Cents 591 31 per Cents
shut Ditto 4 per Cents 94/ 4 Long Annuities
shut Mexican 5 per Cents 301 1 Bank Stock
shut Ditto Deferred 161 Exchequer Bills prem. 27 30 Portuguese New 5 p. Cts.1841 57 9 India Stock
shut Ditto 4 per Cents 1845 .... 57 9 Brazilian 5 per Cents
82 4 Russian 5 per Cents• ex div 1071 91 Belgian 41 per Cents
97 99 Spanish (Active) 5 per Cents 251 4 Chinas 6 per Cents
98 ICO Ditto 3 Cents 1842 361